NerdWallet, Inc. (NASDAQ:NRDS) Insider Sells $5,940,132.64 in Stock

NerdWallet, Inc. (NASDAQ:NRDS) insider Samuel Yount sold 440,336 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $13.49, for a total value of $5,940,132.64. Following the completion of the transaction, the insider now directly owns 254,237 shares in the company, valued at approximately $3,429,657.13. This trade represents a 63.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Samuel Yount also recently made the following trade(s):

• On Monday, December 30th, Samuel Yount sold 3,003 shares of NerdWallet stock. The stock was sold at an average price of $13.45, for a total value of $40,390.35.
• On Wednesday, December 18th, Samuel Yount sold 154,465 shares of NerdWallet stock. The stock was sold at an average price of $13.14, for a total transaction of $2,029,670.10.
• On Monday, December 16th, Samuel Yount sold 71,341 shares of NerdWallet stock. The shares were sold at an average price of $13.39, for a total transaction of $955,255.99.
• On Friday, December 13th, Samuel Yount sold 76,185 shares of NerdWallet stock. The stock was sold at an average price of $13.40, for a total transaction of $1,020,879.00.
• On Wednesday, December 11th, Samuel Yount sold 65,167 shares of NerdWallet stock. The shares were sold at an average price of $13.79, for a total transaction of $898,652.93.

NerdWallet Stock Performance

NerdWallet stock opened at $13.67 on Friday. The stock has a market cap of $1.00 billion, a PE ratio of -97.64 and a beta of 1.31. The stock has a 50-day moving average of $13.86 and a two-hundred day moving average of $13.35. NerdWallet, Inc. has a one year low of $10.10 and a one year high of $17.30.

NerdWallet (NASDAQ:NRDS) last released its earnings results on Tuesday, October 29th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. NerdWallet had a negative net margin of 1.65% and a negative return on equity of 2.90%. The company had revenue of $191.30 million during the quarter, compared to analysts’ expectations of $168.25 million. During the same period last year, the business earned ($0.01) EPS. NerdWallet’s revenue for the quarter was up 25.2% on a year-over-year basis. As a group, sell-side analysts predict that NerdWallet, Inc. will post -0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On NerdWallet

Large investors have recently made changes to their positions in the stock. Quarry LP acquired a new stake in NerdWallet during the 2nd quarter worth about $31,000. nVerses Capital LLC acquired a new stake in shares of NerdWallet during the third quarter worth about $62,000. US Bancorp DE purchased a new stake in NerdWallet in the third quarter valued at approximately $86,000. Intech Investment Management LLC acquired a new position in NerdWallet in the 3rd quarter worth approximately $135,000. Finally, TNF LLC acquired a new position in NerdWallet in the 3rd quarter worth approximately $178,000. 38.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NRDS. Barclays increased their target price on NerdWallet from $16.00 to $17.00 and gave the company an “overweight” rating in a research report on Wednesday, October 30th. Morgan Stanley raised their price objective on NerdWallet from $14.00 to $15.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Finally, KeyCorp boosted their target price on shares of NerdWallet from $18.00 to $20.00 and gave the stock an “overweight” rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, NerdWallet has a consensus rating of “Moderate Buy” and a consensus target price of $17.00.

About NerdWallet

NerdWallet, Inc operates a digital platform that provides consumer-driven advice about personal finance by connecting individuals and small and mid-sized businesses with financial products providers in the United States, the United Kingdom, Australia, and Canada. Its platform offers guidance to consumers through educational content, tools and calculators, and product marketplaces, as well as through NerdWallet app for various financial products, including credit cards, mortgages, insurance, SMB products, personal loans, banking, investing, and student loans.